NI PE Ratio & Valuation,Is NI Overvalued

NI Relative Valuation

NI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NI is overvalued; if below, it's undervalued.

Historical Valuation

NiSource Inc (NI) is now in the Overvalued zone, suggesting that its current forward PE ratio of 21.11 is considered Overvalued compared with the five-year average of 18.23. The fair price of NiSource Inc (NI) is between 33.07 to 39.63 according to relative valuation methord. Compared to the current price of 41.83 USD , NiSource Inc is Overvalued By 5.55%.

Relative Value

Fair Zone

33.07-39.63

Current Price：41.83

5.55%

Overvalued

21.11

12.80

EV/EBITDA

NiSource Inc. (NI) has a current EV/EBITDA of 12.80. The 5-year average EV/EBITDA is 11.15. The thresholds are as follows: Strongly Undervalued below 9.60, Undervalued between 9.60 and 10.37, Fairly Valued between 11.92 and 10.37, Overvalued between 11.92 and 12.70, and Strongly Overvalued above 12.70. The current Forward EV/EBITDA of 12.80 falls within the Strongly Overvalued range.

20.77

EV/EBIT

NiSource Inc. (NI) has a current EV/EBIT of 20.77. The 5-year average EV/EBIT is 18.03. The thresholds are as follows: Strongly Undervalued below 15.36, Undervalued between 15.36 and 16.70, Fairly Valued between 19.37 and 16.70, Overvalued between 19.37 and 20.70, and Strongly Overvalued above 20.70. The current Forward EV/EBIT of 20.77 falls within the Strongly Overvalued range.

3.51

NiSource Inc. (NI) has a current PS of 3.51. The 5-year average PS is 2.21. The thresholds are as follows: Strongly Undervalued below 1.19, Undervalued between 1.19 and 1.70, Fairly Valued between 2.71 and 1.70, Overvalued between 2.71 and 3.22, and Strongly Overvalued above 3.22. The current Forward PS of 3.51 falls within the Strongly Overvalued range.

8.60

P/OCF

NiSource Inc. (NI) has a current P/OCF of 8.60. The 5-year average P/OCF is 7.14. The thresholds are as follows: Strongly Undervalued below 5.16, Undervalued between 5.16 and 6.15, Fairly Valued between 8.12 and 6.15, Overvalued between 8.12 and 9.11, and Strongly Overvalued above 9.11. The current Forward P/OCF of 8.60 falls within the Overvalued range.

-26.29

P/FCF

NiSource Inc. (NI) has a current P/FCF of -26.29. The 5-year average P/FCF is -14.86. The thresholds are as follows: Strongly Undervalued below -23.94, Undervalued between -23.94 and -19.40, Fairly Valued between -10.32 and -19.40, Overvalued between -10.32 and -5.79, and Strongly Overvalued above -5.79. The current Forward P/FCF of -26.29 falls within the Strongly Undervalued range.

NiSource Inc (NI) has a current Price-to-Book (P/B) ratio of 2.19. Compared to its 3-year average P/B ratio of 1.91 , the current P/B ratio is approximately 14.96% higher. Relative to its 5-year average P/B ratio of 1.96, the current P/B ratio is about 11.99% higher. NiSource Inc (NI) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -5.86%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -5.83% , the current FCF yield is about -100.00% lower.

2.19

P/B

Median3y

1.91

Median5y

1.96

-2.71

FCF Yield

Median3y

-5.86

Median5y

-5.83

Competitors Valuation Multiple

The average P/S ratio for NI's competitors is , providing a benchmark for relative valuation. NiSource Inc Corp (NI) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 18.28%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of NI increased by 15.47% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.08B to 1.27B.

The secondary factor is the P/E Change, contributed 3.96%to the performance.

Overall, the performance of NI in the past 1 year is driven by Revenue Growth. Which is more sustainable.

18.28%

1.08B → 1.27B

Revenue Growth

-6.77%

9.01 → 8.40

Margin Expansion

3.96%

21.22 → 22.06

P/E Change

15.47%

36.23 → 41.83

Mkt Cap Growth

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Frequently Asked Questions

Is NiSource Inc (NI) currently overvalued or undervalued?

What is NiSource Inc (NI) fair value?

NI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of NiSource Inc (NI) is between 33.07 to 39.63 according to relative valuation methord.

How does NI's valuation metrics compare to the industry average?

What is the current P/B ratio for NiSource Inc (NI) as of Dec 16 2025?

As of Dec 16 2025, NiSource Inc (NI) has a P/B ratio of 2.19. This indicates that the market values NI at 2.19 times its book value.

What is the current FCF Yield for NiSource Inc (NI) as of Dec 16 2025?

As of Dec 16 2025, NiSource Inc (NI) has a FCF Yield of 0.00%. This means that for every dollar of NiSource Inc’s market capitalization, the company generates 0.00 cents in free cash flow.

What is the current Forward P/E ratio for NiSource Inc (NI) as of Dec 16 2025?

As of Dec 16 2025, NiSource Inc (NI) has a Forward P/E ratio of 21.11. This means the market is willing to pay $21.11 for every dollar of NiSource Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for NiSource Inc (NI) as of Dec 16 2025?

As of Dec 16 2025, NiSource Inc (NI) has a Forward P/S ratio of 0.00. This means the market is valuing NI at $0.00 for every dollar of expected revenue over the next 12 months.

NI Valuation